Accounting Principles Budgeting
Accounting Principles Budgeting involves the process of creating a detailed plan for the financial resources of an organization, typically for a specified period of time. This plan outlines the expected income and expenses, as well as goals and targets for the organization to achieve. Budgeting is crucial for helping businesses make informed financial decisions, allocate resources effectively, and monitor performance against financial goals. It is based on various accounting principles and practices to ensure accuracy and reliability in financial planning and reporting.
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